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    15 Mercer Ave Spring Lake, NJ 07762-1206

    • Bed & breakfasts
    • 6,832 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimation
    $3,885,000
    Last Sale
    Jan 13, 2020
    $3,313,000
    Location Intelligence
    Property ID
    US59-0033174
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Bed & breakfasts

    Property Details for 15 Mercer Ave

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property size
    6,832 SF
    Property type
    Bed & breakfasts
    APN
    47 00055-0000-00011
    APU
    4700055000000011

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,110,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,050,000
      6.5%
      $3,425,000
      7%
      $3,395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,850,000
      Geo Method
      $3,595,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,055,000
      Retail
      $3,930,000
      Mixed-Use
      $3,530,000
      Hospitality
      $3,455,000
      Educational
      $2,960,000
      Residential Income
      $3,450,000
      Energy
      $3,510,000
      Income-Based Land
      $2,970,000
      Food Service
      $3,930,000

    Location Insight

    • Map
    • Local Demand
    City
    Spring Lake
    County
    Monmouth
    State
    New Jersey
    Longitude
    -74.0252
    Latitude
    40.1483
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $30,174
    $4,481,500
    $1,771,500
    $6,253,000
    -
    $4,481,500
    $1,771,500
    $6,253,000

    Comparable in this City

    • Value Estimation
      $2,235,000
      3,514 SF

      307 Jersey Ave

      BED & BREAKFAST • 3,514 SF
      307 Jersey Ave, Spring Lake, NJ 07762-1446
      View Details
    • Value Estimation by Request
      10,125 SF

      104 Salem Ave

      BED & BREAKFAST • 10,125 SF
      104 Salem Ave, Spring Lake, NJ 07762-1040
      View Details
    • Value Estimation
      $3,080,000
      3,504 SF

      404 Jersey Ave

      BED & BREAKFAST • 3,504 SF
      404 Jersey Ave, Spring Lake, NJ 07762-1437
      View Details
    • Value Estimation by Request
      6,600 SF

      412 Ocean Rd

      BED & BREAKFAST • 6,600 SF
      412 Ocean Rd, Spring Lake, NJ 07762-1028
      View Details
    • Value Estimation by Request
      7,962 SF

      21 Tuttle Ave

      BED & BREAKFAST • 7,962 SF
      21 Tuttle Ave, Spring Lake, NJ 07762-1533
      View Details
    • Value Estimation by Request
      6,508 SF

      25 Tuttle Ave

      BED & BREAKFAST • 6,508 SF
      25 Tuttle Ave, Spring Lake, NJ 07762-1533
      View Details

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    15 Mercer Ave
    Spring Lake, NJ 07762-1206
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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